Retail: Page 17

  • J.P. Morgan's Fourth Quarter Income Drops Over 30 Percent
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    Chris Hondros / Staff via Getty Images
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    JPMorgan Chase invests in B2B payments startup Slope

    The big bank’s payments unit and Y Combinator were among investors providing $65 million in financing for the business-to-business upstart this month.

    By • July 19, 2024
  • Several Visa credit cards displayed on flat surface
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    Justin Sullivan via Getty Images
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    Visa, OpenTable partner on dining perks program

    The card giant expects to expand the network beyond its pilot markets, Los Angeles and Chicago.

    By Tatiana Walk-Morris • July 19, 2024
  • Creative image with coins jumping from one phone to another. Explore the Trendline➔
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    Trendline

    Digital wallets proliferate as features advance

    As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

    By Payments Dive staff
  • The Capital One logo is displayed on the side of its headquarters in McLean, Va.
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    Opponents of Capital One-Discover merger to air grievances

    Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.

    By • July 18, 2024
  • Stripe CEO Patrick Collison
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    Matt Winkelmeyer via Getty Images
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    Stripe leads the way to Q2 fundraising recovery

    Payment startups, particularly Stripe, benefitted from a revival of venture capital flows during the second quarter.

    By • July 17, 2024
  • Gift cards hang on a rack in a store.
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    Permission granted by Lynne Marek
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    Prepaid card spending accelerates

    The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.

    By • July 16, 2024
  • Shot of a young woman relaxing on the sofa and using a credit card with a digital tablet
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    Bolt advances strategy under new CEO

    Justin Grooms, who was promoted to the checkout software firm’s CEO post this year, is taking its strategy to the next level with merchant clients.

    By • July 15, 2024
  • Mastercard point of sale, retail
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    Courtesy of Mastercard
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    Mastercard updates travelers on latest card precautions

    With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.

    By Tatiana Walk-Morris • July 15, 2024
  • Close-up of a person using a self checkout machine.
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    Self checkout boasts ‘record’ year: report

    The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.

    By Tatiana Walk-Morris • July 12, 2024
  • Accounts payable and receivable
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    Q&A

    Versapay plunges ahead with new C-suite team

    The business-to-business accounts receivable player is weighing its strategic options as CEO Carey O’Connor Kolaja lines up her new management team.  

    By • July 11, 2024
  • A Target employee completes an in-store checkout purchase and hands a customer a receipt.
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    Permission granted by Target
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    Target to stop accepting personal checks

    The retailer’s customers will still have six payment options after the change takes effect in about a week.

    By Nate Delesline III • July 10, 2024
  • Room with a neon sign that says 'Be Unreasonable' with weights and a desk.
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    Courtesy of Klarna
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    Klarna, Adobe partner on buy now, pay later services

    The tie-up will extend Klarna’s installment payment services to more customers buying from sellers on Adobe Commerce.

    By Tatiana Walk-Morris • July 9, 2024
  • A cashier hands a shopper their credit card
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    Joe Raedle / Staff via Getty Images
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    Visa-Mastercard settlement generates thousands of claim conflicts

    Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.

    By Lyle Moran • July 9, 2024
  • Rep. French Hill
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    Win McNamee / Staff via Getty Images
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    Congress members egg on US payments system expansion

    A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

    By • July 8, 2024
  • A sign for Discover Financial Services
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    Scott Olson via Getty Images
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    Discover to settle card class actions for $1.2B

    The card company has warned it could face an additional financial toll related to the misclassification legal matter, in which it overcharged merchants for years.

    By Caitlin Mullen • July 8, 2024
  • Pilot
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    Brett Dworski/Payments Dive
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    NCR Voyix terminates staff across several units

    The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.

    By Brett Dworski • July 3, 2024
  • The New York state capitol building, a white building with multiple towers.
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    New York BNPL bill is dead, for now

    Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.

    By • July 2, 2024
  • Stickers with the visa and mastercard logos on the exterior window of a store.
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    Justin Sullivan via Getty Images
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    Visa-Mastercard settlement failed to treat merchants ‘equitably’

    A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

    By • July 1, 2024
  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    Q&A

    How buy now, pay later benefits merchants

    Research from online payments processor Stripe found that providing BNPL increases the average size and total number of  sales.

    By • July 1, 2024
  • Loper decision ending Chevron deference doctrine
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    Anna Moneymaker / Staff via Getty Images
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    Supreme Court lets complaint on debit fees proceed

    The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.

    By • July 1, 2024
  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    Getty Images
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    Chuck morphs into a new Alloy Labs-backed effort

    Community banks partnered with Alloy Labs and Payrailz a few years ago on a project called Chuck, in a bid to rival Zelle, but that effort has been subsumed by a stealthy successor.

    By • June 27, 2024
  • A gold American Express card being passed between two hands
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    Joe Raedle via Getty Images
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    Travelers want to use credit cards, but often can’t

    Spending by travelers and tourists is often done in cash or by debit card, even if most travelers would prefer to pay another way.

    By • June 27, 2024
  • Stack of credit cards spread out
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    Getty Images
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    Judge sways away from Visa-Mastercard settlement

    On Tuesday, Judge Margo Brodie denied a preliminary settlement proposal made by the card networks Visa and Mastercard, and merchants who sued them in federal court nearly two decades ago.

    By • June 25, 2024
  • Pennsylvania state capitol in Harrisburg
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    benedek via Getty Images
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    Pennsylvania may ban interchange fees on sales tax

    Democrats in the Keystone state’s House of Representatives are pushing a bill that would prohibit interchange fees from applying to sales tax when consumers make credit or debit card payments.

    By • June 25, 2024
  • Sign in shopping mall
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    Sam Silverstein/Payments Dive
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    Q&A

    BNPL to shift toward larger-ticket expenses: CEO

    The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority Technology CEO Tom Priore predicted.

    By • June 25, 2024
  • Seated man speaking with New York Times logo in background and the name 'Max Levchin'
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    Neilson Barnard via Getty Images
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    Affirm may see payment volume bump from Apple Pay: Mizuho report

    The partnership is estimated to represent a $12 billion opportunity for buy now, pay later provider Affirm, according to an analyst note last week.

    By • June 24, 2024